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“We are an equal opportunity employer with a very diverse workforce” – GYSBI

OilNOW -
The Guyana Shore base Inc. (GYSBI) the largest such facility providing support services to the offshore oil and gas operations in the country, said on Tuesday it is an equal opportunity employer with a diverse workforce and that no...
News

Head of Staatsolie encouraging Guyana to conduct basin opportunity upgrades

OilNOW -
Annand Jagesar, Managing Director of Suriname’s state oil company, Staatsolie Maatschappij Suriname, is encouraging Guyana to pursue basin opportunity upgrades by way of independent surveys that would provide authorities with a better understanding of the prospective resources of offshore...
News

1 million barrels of Guyana oil could hit the market at height of global supply crunch

OilNOW -
The rapid increase in oil production offshore Guyana will perhaps be coming at one of the most opportune times in the boom-and-bust cycle of the industry as more experts agree that a major supply crunch is on its way...
News

Guyanese company seeking EPA approval to set up oil well cement warehouse

OilNOW -
Toolsie Persaud Limited, a Guyanese family-owned business that has been in operation for over eight decades, is hoping to be a major supplier for ExxonMobil and other companies operating offshore the South American country. With the creation of its...
News

Guyana and Brazil oil wells have high flow rates, best recovery – WoodMac

OilNOW -
Future deepwater oil fields will enjoy twice the average estimated ultimate recovery (EUR) of fields already onstream and Guyana and Brazil are at the top of the list, according to consultancy group, Wood Mackenzie. In a new report, WoodMac said...
News

Energy rolls out latest edition with major focus on Guyana landmark projects

OilNOW -
The latest of edition of Energy - Guyana’s premier publication focusing on developments in the oil and gas industry was published this week with major focus on upcoming landmark projects and updates on the offshore developments that is transforming...
News

Guyana, T&T and Suriname can be region’s energy fulcrum, says Head of CARICOM Energy Unit

OilNOW -
Cognizant of the massive hydrocarbon resources in Guyana, Suriname and Trinidad & Tobago, Programme Manager at the Caribbean Community’s (CARICOM) Energy Unit, Dr. Devon Gardner, believes that these three sister countries can be the fulcrum upon which the Caribbean...
Opinions

Using oil to diversify Guyanese foreign policy – starting with India

OilNOW -
By Wazim Mowla – OilNOW Amid increasing US rhetoric about competing with China in Latin America and the Caribbean, Guyana should use its newfound oil reserves to diversify its foreign relations. This process should start with India, who over the...
News

Suriname oil wells show excellent properties similar to Guyana, says GlobalData

OilNOW -
Recent exploratory success offshore Suriname, where four discoveries have been made in Block 58 in 2020, shows promise to become an oil production hot spot in the near to mid-term, according to GlobalData. The data and analytics company noted...
News

Cretaceous plays continue to dominate global hydrocarbon output

OilNOW -
Global oil and gas companies are increasingly narrowing their exploration and production activities to fewer regions and plays to make sure they are invested in the most profitable barrels when oil demand starts to decline later this decade, Rystad...
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Latest News

Guyana's Oil LedgerKemol King -

Guyana gets another US$191 million from oil sales in June

Guyana earned just over US$191 million (GY$40 billion) from the sale of three oil cargoes (each about a million...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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